Flippd HelpHow do I prepare my tax reports and export data for my accountant?
Your tax reports live under Reports > Tax Reports: the P&L Statement, the Schedule C Summary (US businesses), and the Mileage Log PDF. To hand your accountant the raw data, go to Tools > Import / export, open the Export tab, pick the tax year, and tap Export Your Data.
Tax Reports in the App
Report | What It Gives You |
P&L Statement | Your profit and loss for the year |
Schedule C Summary (US) | Expenses organized by IRS Schedule C line, cost of goods sold, and your mileage deduction, with Export PDF / Export CSV |
Mileage Log | IRS-ready mileage log (PDF) for your accountant |
Exporting Your Data
Go to Tools > Import / export and open the Export tab
Under Select data to export:, pick the tax year (or All Data)
Optionally tap Advanced Filters to choose the data to include (Inventory, Expenses, Mileage), what the year applies to, and any categories, platforms, or statuses
Tap Export Your Data
Send the Excel file to your accountant
The export is an Excel workbook with five sheets:
Sheet | What It Includes |
Inventory | Your items for the selected year |
Expenses | Your expenses, with category and date |
Mileage | Your trips and their deductions |
Monthly | Month-by-month figures |
Summary | Totals for the selected year |
Schedule C Category Mapping (US)
Your expense categories are mapped to specific lines on IRS Schedule C (Form 1040), so the Schedule C Summary comes out organized the way your accountant expects -- for example, Platform Fees on line 10 (Commissions and fees) and Inventory Purchases as Cost of goods sold. Built-in categories are pre-mapped, and you can change any mapping from Reports > Tax Reports > Schedule C Summary, then the Schedule C Categories icon. See How do I map my expense categories to IRS Schedule C lines?.
Good to Know
Flippd is not tax software and doesn't file taxes for you -- always consult a tax professional
The more consistently you track expenses, receipts, and mileage throughout the year, the easier tax time is
You can export at any time -- you don't have to wait for year end
Keep your receipt photos attached to expenses for complete records -- they stay in the app and aren't included in the spreadsheet export